Low Income Apartments and Affordable Housing For Rent in Raton, NM

Discover affordable housing in Raton where there are 3+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Dona Anna Apartments

1450 State St, Raton, New Mexico 87740

Sommerset Apts

1229 State Street, Raton, New Mexico

Operation Breakthrough

313 N 4th St, Raton, New Mexico 87740

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Raton, New Mexico

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Raton, New Mexico
$4.61 (+38%) more than New Mexico minimum wage and $9.36 (+129%) more than the Federal minimum wage.
Learn More About Raton, New Mexico Affordable Housing ↓

What HUD offices serve Raton, New Mexico?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Public Housing programs for Raton, New Mexico.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Veteran Affairs Supportive Housing (VASH) programs for Raton, New Mexico.

Go to the New Mexico Public Housing and Low-Income Apartments Waiting Lists page for openings near Raton.

How many renters live in Raton, New Mexico?

The City of Raton has people living in households.

There are renters living in renter households in this City. Renters make up 30.53 percent of the population living in Raton.

What is the rental market like in Raton, New Mexico?

There are an estimated housing units in the Raton area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Raton, New Mexico, there are 1.04 rental units.

What is the vacancy rate for rentals in Raton?

The rental vacancy rate in Raton is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Raton for each bedroom size?

Occupied Rental Units by Size in Raton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
26 262 298 254 51
Occupied Rental Units by Size in Raton

A large number of apartments in Raton have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Raton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $760 to $1,372. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $760
One BR $781
Two BR $877
Three BR $1,158
Four BR $1,372
2024 Fair Market Rents in Raton, New Mexico

How many units are rented at Fair Market Rent (FMR) in Raton?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 26 100 percent
One BR 215 82 percent
Two BR 248 83 percent
Rental Units Below FMR in Raton, New Mexico

How many affordable rental units are in Raton?

There are a variety of federal affordable housing programs serving households in Raton, New Mexico including the following:

Federal Program Unit Count
Public Housing
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Raton, New Mexico

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Raton, New Mexico

Raton features 241 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Raton, New Mexico

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Raton.

Housing Choice Vouchers in Raton, New Mexico

On average, Section 8 Housing Choice vouchers pay Raton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Raton.

The maximum amount a voucher would pay on behalf of a low-income tenant in Raton, New Mexico for a two-bedroom apartment is between $789 and $965.

Sourced from federal housing data and AffordableHousingOnline.com research.